From the DJIA standpoint, this second wave retracement is reasonable.
This is reflected in the non-breadth thrust situation on the NYSE. Today is the 16th day. If it finished over 61.5, that is not really a significant “breadth thrust” event. But it’s something. I won’t have the data until tomorrow.
Yeah, we’ve reached the limit for wave (2) up. It’s probably not wave (2) up.
The next best count. I’m just taking a best guess. Another wedge situation. I would think we have underthrow and not overthrow of the upper line. This actually makes the subwaves for wave (1) a nicer combo.
